Putin: Business will receive tax benefits in introduction of Russian IT solutions

since 2023, Russian business, which buys and introduces domestic IT solutions, will be able to apply for tax benefits. This was stated by President Vladimir Putin, Kommersant reports.

During the conference “Travel to the World of Artificial Intelligence”, he emphasized that the introduction of innovations “should not bear large business costs.”

“Starting from January 1, 2023, when buying and introducing domestic decisions, including in the field of artificial intelligence, business can use tax benefits and send additional funds for technological updating,” the head of state said.

The Russian leader gave an example when, when calculating income tax, the amount, which is one and a half times higher than the actual expenses of the company for the acquisition of advanced domestic developments.

The President instructed the Federal Tax Service to track the implementation of measures in this area.

/Media reports cited above.